- Details of the Company
| Sl No | Details | Particulars | |||||||||||||||||||||||||||
| 1 | Corporate Identity Number (CIN) of the Listed Entity | L24129KL1943GOI000371 | |||||||||||||||||||||||||||
| 2 | Name of the Listed Entity | The Fertilisers and Chemicals Travancore Limited | |||||||||||||||||||||||||||
| 3 | Year of incorporation | 1943 | |||||||||||||||||||||||||||
| 4 | Registered office address | Eloor Udyogamandal, Ernakulam District, Kerala- 683501 | |||||||||||||||||||||||||||
| 5 | Corporate address | Eloor Udyogamandal, Ernakulam District, Kerala- 683501 | |||||||||||||||||||||||||||
| 6 | Telephone | 0484-2567355 | |||||||||||||||||||||||||||
| 7 | Website | www.fact.co.in | |||||||||||||||||||||||||||
| 8 | Type of Company | Government Company | |||||||||||||||||||||||||||
| 9 | Administrative Ministry | Ministry of Chemicals and Fertilizers | |||||||||||||||||||||||||||
| 10 | Name of the Stock Exchange(s) where shares are listed | National Stock Exchange of India Ltd | |||||||||||||||||||||||||||
| 11 | Authorized Capital | Rs. 1000 Crore | |||||||||||||||||||||||||||
| 12 | Paid-up Capital | Rs. 647.07 Crore | |||||||||||||||||||||||||||
| 13 | Shareholding |
|
- Overview of the Company
The Fertilisers and Chemicals Travancore Limited, (FACT) incorporated in the year 1943, is one of the first large scale fertilizer companies in India. Located at Udyogamandal, Kerala, FACT started production in 1947. Initially in the private sector promoted by M/s Seshasayee Brothers, FACT became a PSU in the year 1960 and towards the end of 1962 Government of India became the major shareholder of FACT.
From a modest beginning, FACT has expanded and diversified into multi-divisional Organisation with varied activities. The parent Division at Udyogamandal underwent four stages of expansion until the year 1972, upgrading technology and increasing capacity.
Another fertilizer unit was established in two phases at Ambalamedu near the BPCL-Kochi Refineries (Ambalamedu is about 30 km away from Udyogamandal). Phase-I, with the Ammonia-Urea Complex commissioned in 1973 and Phase-II consisting of Sulphuric Acid, Phosphoric Acid and Complex Fertiliser Plant commissioned during 1976-78. The said unit is named as Cochin Division.
FACT diversified its operations with the commissioning of the Petrochemical Division at Udyogamandal for production of Caprolactam during 1990-91.
In the 1960's, recognizing the need for developing indigenous capabilities for design and construction of Chemical and Fertiliser Plants, FACT established an Engineering & Consultancy wing christened FEDO (FACT Engineering & Design Organisation). A Fabrication Division FEW (FACT Engineering Works) was also established in 1966.
From a modest beginning, FACT has grown and diversified into a multi-division/multi-function Organisation with basic interest in manufacture and marketing of Fertilisers and Petrochemicals, Engineering Consultancy and Design and Fabrication and Erection of Industrial Equipment.
Installed capacity of FACT plants are given below.
From a modest beginning, FACT has expanded and diversified into multi-divisional Organisation with varied activities. The parent Division at Udyogamandal underwent four stages of expansion until the year 1972, upgrading technology and increasing capacity.
Another fertilizer unit was established in two phases at Ambalamedu near the BPCL-Kochi Refineries (Ambalamedu is about 30 km away from Udyogamandal). Phase-I, with the Ammonia-Urea Complex commissioned in 1973 and Phase-II consisting of Sulphuric Acid, Phosphoric Acid and Complex Fertiliser Plant commissioned during 1976-78. The said unit is named as Cochin Division.
FACT diversified its operations with the commissioning of the Petrochemical Division at Udyogamandal for production of Caprolactam during 1990-91.
In the 1960's, recognizing the need for developing indigenous capabilities for design and construction of Chemical and Fertiliser Plants, FACT established an Engineering & Consultancy wing christened FEDO (FACT Engineering & Design Organisation). A Fabrication Division FEW (FACT Engineering Works) was also established in 1966.
From a modest beginning, FACT has grown and diversified into a multi-division/multi-function Organisation with basic interest in manufacture and marketing of Fertilisers and Petrochemicals, Engineering Consultancy and Design and Fabrication and Erection of Industrial Equipment.
Installed capacity of FACT plants are given below.
| Product | Installed Capacity |
| a. Factamfos (NP 20:20) | 633,500 MT per annum |
| b. Ammonium Sulphate | 225,000 MT per annum |
| c. Caprolactam | 50,000 MT per annum |
- Objectives
- To produce and market Fertilisers & Caprolactam and other products efficiently and economically, besides achieving a reasonable and consistent growth.
- To effectively manage the assets and resources of the company to ensure a reasonable return on investment
- To focus on cost reduction and technology upgradation in order to become competitive in its line of business.
- To constantly innovate and develop new products and services to satisfy customer requirements.
- To invest in new business lines, where profit can be made on a sustainable basis.
- To provide services to the farming community by organizing technical training, soil testing and other productivity improvement services in agriculture.
- Organizational Structure
The Company is managed by a whole time Chairman and Managing Director, under the supervision, direction and control of the Board of Directors. At present, Shri. SC Mudgerikar is the Chairman & Managing Director of FACT. The present Board comprises of Chairman and Managing Director, Director (Finance), Director (Marketing), Director (Technical), two part-time official (Government of India nominee) Directors and three Independent Directors.
Present Members on the Board of Directors are:
| Name | Designation |
| Shri. SC Mudgerikar | Chairman & Managing Director |
| Shri. S Sakthimani | Director (Finance) |
| Shri. Anupam Misra | Director (Marketing) |
| Shri. Jayachandran K | Director (Technical) |
| Ms. Aparna S Sharma | Director - Govt. of India Nominee |
| Shri. Manoj Sethi | Director - Govt. of India Nominee |
| Prof. Anjula Murmu | Director (Independent Director) |
| Shri. M. Chandran | Director (Independent Director) |
| Shri. Keda Tanaji Aher | Director (Independent Director) |
- Major Products
Major products of FACT are:
| Product | Installed Capacity |
| a. Factamfos (NP 20:20) | 633,500 MT per annum |
| b. Ammonium Sulphate | 225,000 MT per annum |
| c. Caprolactam | 50,000 MT per annum |
- The powers and duties of its officers and employees
The powers of the Officers of the Company are derived from the provisions of Companies Act, 2013 and are further defined in the Delegation of Powers. Employees operate under a frame work of governance that includes various manuals, Standard Operating Procedures, job profiles and the terms and conditions specified in their appointment letters. They are also bound by Conduct, Discipline and Appeal (CDA) rules & Standing Orders, as applicable.
While carrying out the responsibilities, the employees adhere to all applicable statutes, rules and regulations including instructions issued from time to time by various Departments of the Government of India, Central Vigilance Commission (CVC), and Central Information Commission (CIC). Employees also adhere to all legal and regulatory requirements relevant to their roles and responsibilities.
- The procedure followed in the decision-making process, including channels of supervision and accountability
- FACT is a Company managed by its Board of Directors, constituted under the Companies Act, consisting of Whole-time directors, Government nominee Directors, and Independent Directors.
- Overall supervision and management of the Company is vested with the Board of Directors of the Company.
- The day-to-day activities of FACT are managed by Chairman & Managing Director within the overall policy framework provided by the Companies Act, Memorandum and Articles of Association and the Board of Directors.
- Detailed execution of the job is being done under the leadership of the in-charge of the respective Divisions.
- The decisions are made on the basis of the approval of the appropriate authority as per FACT’s Delegation of Powers as approved by the Board of Directors. Financial concurrence is obtained in case of proposals having financial implications. Decisions which are beyond Delegation of Powers are placed before the Board of Directors for their approval.
- As per the provisions of the Companies Act, 2013 certain matters require the approval of the shareholders of the Company. Hence approval of the Shareholders is obtained, wherever required.
- Further FACT, being a Public Sector Company under the administrative control of the Ministry of Chemicals and Fertilizers, Government of India, approval of the Ministry is also obtained, wherever required.
- The norms set by it for the discharge of its functions.
The Company functions based on delegation of authority at appropriate levels. Decision, Rights and Authorities duly approved by the Management are followed for discharge of functions by the officers and departments of the Organization. The applicable guidelines issued by the Government of India from time to time are also followed.
Apart from this, the Company adheres to the various statutes, and the related Rules and Regulations applicable as per various statutes, which includes following:
1. The Factories Act, 1948 and all rules made there under
2. Environmental (Protection) Act, 1986
3. Batteries (Management and Handling) Rules, 2001,
4. Hazardous Wastes (Management, Handling And Transboundary Movement) Rules
5. The Indian Boilers Act, 1923,
6. The Electricity Act, 2003
7. The Manufacture, Storage And Import Of Hazardous Chemical Rules, 1989
8. Petroleum Act, 1934 and Rules thereunder
9. Explosives Act 1884
10. Inflammable Substance Act, 1952
11. The Air (Prevention And Control Of Pollution) Act, 1981
12. The Water (Prevention And Control Of Pollution) Act 1974
13. Energy Conservation Act, 2001
14. The Legal Metrology Act, 2009 and Rules thereunder
15. Fertiliser (Control) Order, 1985
16. Bureau of Indian Standards Act,2016
17. MSME Act, 2006
18. Income-Tax Act, 1961
19. Goods and Services Tax Act 2017
20. Kerala Value Added Tax Act, 2003
21. RBI Act, 1934 and all guidelines, Master Circulars, Master Directions, Notifications and Press Releases Issued by RBI from time to time
22. E-waste Management Rules, 2016
23. Information Technology Act, 2008
24. Industrial Employment (Standing Orders) Act
25. Employees Provident Fund & Miscellaneous Provisions Act, 1952,
26. Payment of Gratuity Act, 1972
27. Payment of Bonus Act, 1965
28. Payment of Wages Act 1936
29. Trade Unions Act, 1926
30. Industrial Disputes Act 1947
31. Contract Labour (Regulation and Abolition) Act 1970
32. Sexual Harassment Of Women At Workplace (Prevention, Prohibition And
Redressal) Act, 2013
33. Minimum Wages Act 1948
34. The Maternity Benefit Act, 1961
35. The Workmen Compensation Act, 1923
36. The Legal Metrology Act, 2009
37. Apprentices Act, 1961
38. Companies Act 2013 and all rules made there under
39. Securities Contracts (Regulations) Act 1957 and amendments thereof
40. SEBI Act 1992
41. Depositories Act 1996, and Regulations made there under
42. Right to Information Act, 2005
- The rules, regulations, instructions, manuals and records, held by it or under its control or used by its employees for discharging its functions.
Given below is a list of major Acts, rules, regulations, instructions, manuals and records used by FACT for discharging its functions
- Memorandum of Association and Articles of Association;
- Companies Act, 2013 and the Rules made there under;
- SEBI Regulations;
- DPE Guidelines;
- Accounting Manual;
- HR Manuals
- Delegation of Powers;
- FACT Employees (Conduct, Discipline and Appeal) Rules, 2018 and Standing Orders.
https://fact.co.in/home/Dynamicpages?MenuId=2959
- Categories of Documents held by the Company
- Certificate of Incorporation and Memorandum of Association and Articles of Association
- Accounting Manual, Books of Accounts, Annual Reports, Documents and Returns filed with various Tax authorities, etc.
- Statutory Books and Registers maintained under various statutory provisions, Returns & Forms filed under various statutory provisions, various policies adopted by the Board of Directors of FACT etc.
- FACT Employees (Conduct, Discipline and Appeal) Rules, 2018 and Standing Orders, Documents relating to the employees, Documents, forms and returns maintained and filed under various labour legislations, etc.
- Licenses as per Factories Act, Design & Drawings, Agreements, Detailed Project Reports etc. for the business operations of the Company
- Delegation of Powers, Documents relating to the property of the Company
- Other Statutory Registers and Books
- The particulars of any arrangement that exists for consultation with, or representation by, the members of the public in relation to the formulation of its policy or implementation thereof.
FACT being a commercial organization engaged in the manufacturing of fertilizers, the policies formulated by it relate to its internal management. There is no arrangement for consultation with the members of the Public prior to formulation of its internal policies. However, internal policies of the Company are formulated in compliance with the applicable provisions of the statutes, rules and regulations etc.
- A statement of the Boards, Councils, Committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those Boards, Councils, Committees and other bodies are open to the public, or the minutes of such meetings are accessible for public.
The Board of Directors of the Company is constituted as per the provisions of the Companies Act, 2013 and SEBI Regulations and consists of Whole Time Directors, Government nominee Directors, and Independent Directors. The Board has constituted various committees with specific powers and distinct roles and responsibilities to focus on respective areas. The details of the Board of Directors and the composition of various committees can be accessed on FACT’s website www.fact.co.in
While decision taken or minutes of the meeting of the Board of Directors and Committees of the Board are not accessible to the public, important decisions regarding the company and/or its management are being communicated as required under the law from time to time.
- A directory of its officers and employees.
The Directory of the Head of the Division / Departments can be accessed through the following link;
https://fact.co.in/home/Dynamicpages?MenuId=522
- Monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations.
The pay and allowances are fixed by the orders of the Government from time to time. The remuneration of the Officers of the Company is governed by the guidelines of the Department of Public Enterprises, Government of India.
Scales of Pay of Officers
| Grade | Designation | Pay Scale (Rs.) w.e.f 01.04.2022 |
| IE0 | Officer | 30000-120000 |
| IE1 | Sr. Officer / Engineer | 40000-140000 |
| IIE2 | Assistant Manager | 50000-160000 |
| IIIE3 | Deputy Manager | 60000-180000 |
| IVE4 | Senior Manager | 70000-200000 |
| VE5 | Assistant General Manager | 80000-220000 |
| VIE6 | Deputy General Manager | 90000-240000 |
| VIIE7 | General Manager | 100000-260000 |
| VIIIE8 | Chief General Manager | 120000-280000 |
| IXE9 | Executive Director | 150000-300000 |
| Schedule B | Functional Director | 180000-340000 |
| Schedule A | Chairman & Managing Director | 200000-370000 |
Scales of Pay of Workmen
| Wage Group | Pay Scale (Rs.) w.e.f 01.04.2022 |
| 1 | 15000-43000 |
| 2 | 16000-48000 |
| 3 | 18750-59000 |
| 4 | 19500-61000 |
| 5 | 20500-70000 |
| 6 | 21650-76000 |
| 7 | 22000-80000 |
| 8 | 23350-83000 |
| 9 | 23500-85000 |
| 10 | 24000-91000 |
| 11 | 26500-98000 |
| 12 | 29000-115000 |
| 14 | 21650-85000 |
| 15 | 22000-85000 |
| 16 | 23350-91000 |
| 17 | 23350-98000 |
| 18 | 23350-115000 |
- Budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made.
- Manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes.
FACT does not have any subsidy schemes / programmes for the public. However, FACT undertakes Corporate Social Responsibility (CSR) activities and the details of the same are available in the Annual Reports of the Company hosted on FACT’s website www.fact.co.in
- Particulars of recipients of concessions, permits or authorisations granted by it.
Not Applicable.
- Details in respect of the information, available to or held by it, reduced in an electronic form.
- The particulars of facilities available to citizens for obtaining information, including the working hours of a library or reading room, if maintained for public use.
The information related to the Company can be accessed at FACT’s website www.fact.co.in. If the required information is not available on the website, any citizen of India may make an application in writing or through electronic means through the RTI Portal along with the application fees as prescribed under the Right to Information (RTI) Act, 2005 to the Public Information Officer for obtaining the required information. The information shall be provided in compliance with the provisions of the RTI Act, 2005.
FACT does not maintain any library or reading room for public use.
- The names, designations and other particulars of the Public Information Officers.
| Name | Role | Designation | Place | Contact Details |
| Mahesh T N | Central Assistant Public Information Officer | SO (Company Secretariat) | FACT Udyogamandal Pincode - 683501 |
0484 2567646 mahesh.tn[at]factltd[dot]com |
| Susan Abraham | Central Public Information Officer | Company Secretary | FACT Udyogamandal Pincode - 683501 |
0484 2567620 susan[at]factltd[dot]com |
| Manikkuttan R | First Appellate Authority | Executive Director (Production Co-ordination) | FACT Udyogamandal Pincode - 683501 |
0484 2546556 mkr[at]factltd[dot]com |